By Gloria Methri

Oliver Wyman, a global management consulting firm and a business of Marsh McLennan, has reached an agreement to buy Innopay, a consultancy firm specialized in digital transactions. Innopay will complement Oliver Wyman’s existing payments consulting capabilities.

Innopay delivers strategy, scheme development, and execution in the domains of digital payments, open finance, digital identity, and data sharing. Its services capture an end-to-end offering in the payments sector to support companies and organisations to identify and seize opportunities in a digital world.

Innopay will join Oliver Wyman as a specialist consulting business within the group’s European region. It will continue to operate in the Netherlands and Germany, maintaining its presence in Amsterdam and Frankfurt.

Commenting on the transaction, Dr Stephen Whitehouse, Partner and Head of Payments, Europe, Oliver Wyman, said, “The European payments landscape is undergoing significant transformation, driven by technological advancements, changing consumer preferences, and regulatory developments. Bringing Oliver Wyman and Innopay together creates a unique offering, which will accelerate the impact of our people and work as we look to unlock value through deep industry knowledge and collaboration.”

Shikko Nijland, CEO, Innopay added, “Oliver Wyman’s acquisition of Innopay is a testament to our commitment to growth and innovation. Its global network and expertise will reinforce our ability to provide market-leading and exciting new opportunities, helping clients navigate the evolving landscape of digital transactions and providing additional opportunities for our colleagues.”